Pending

114 Island Circle

SARASOTA, FL 34242

$1,650,000 $6,956/Mo

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Overview

15,500

Sqft(Lot)

0.36

Acre(Lot)

Description

Under contract-accepting backup offers. A rare opportunity to secure a true waterfront estate-sized homesite in the highly sought-after Palm Island enclave of Siesta Key. Located at the end of a quiet loop on Island Circle, this oversized 15,500 square foot pie-shaped double lot offers an exceptional 180+ feet of water frontage, creating a private, expansive setting rarely found this close to the beach. Surrounded by lush natural mangroves and multimillion-dollar residences, this property delivers the perfect balance of privacy, exclusivity, and direct boating access. A standout feature of the property is the grandfathered in 20x24 dock, significantly larger than what current regulations allow. Paired with a 14,000-pound boat lift and existing water and electric connections, for boating e nthusiasts, this is not just a convenience, it’s a major asset that cannot be replicated today. This homesite offers a strong foundation for new construction and the opportunity to design and build a custom waterfront estate tailored to your vision. The lot’s unique shape and size allow for a larger footprint, creative architectural design, and maximization of water views. Palm Island is one of Siesta Key’s best kept secrets, an intimate community of fewer than 140 homes known for its quiet streets, limited traffic, and strong sense of privacy and community. The property is ideally positioned across from a small community green space and just minutes from the world-renowned Siesta Key Beach, consistently ranked among the top beaches in the United States. Whether you are looking to build a full-time residence, a seasonal retreat, or a long-term investment property, this lot presents a rare combination of size, location, waterfront access, and redevelopment potential that is becoming increasingly difficult to find on Siesta Key. Opportunities like this are limited, especially with irreplaceable features like this dock and water frontage.

Property Details

Property Type : Land

Price : $1,650,000

AD Id : 76320337

MLS Id : MFRTB8487309

Lot Size : 0.36 Acre(Lot)

Living Area Size : 15,500

County : Sarasota

Subdivision: Sarasota Beach

Map

What's Nearby

Nearby Areas

Features

Water Source

Water front: 1

WaterSource: Public

Lot Information

Lot Dimensions: 78x124x158x180 Lot Description: Buildable, Cul-De-Sac, City Limits, In County Lot Square Feet: 15500 Lot Acres: 0.36 Lot Size (SqMt): 1440

Property Information

Property Type: Land

Listing Price Information

Original List Price:$2000000

Tax Information

Tax Block: 7 Tax Book Number: 1-76 Tax Lot: 17, 18 Tax Legal Description: LOT 17 & PARTS OF LOTS 18 & 19 DESC AS BEG AT MW COR LOT 17 TH N-68-20-E 158.02 FT TH SLY ALG CURVE TO LEFT 180.85 FT TH N-69- 03-24-W 124.09 FT TH NLY ALG CURVE TO LEFT 77.7 FT TO POB BLK 7 Annual Tax: $16560.34 Tax Year: 2025 Parcel Number: 0082060066

Virtual Tour

Virtual Tour (External Link)

Utility Information

Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available Sewer: Public Sewer Water Source: Public
Location Information

Subdivision: SARASOTA BEACH City: SARASOTA Direction: Heading South on Ocean Blvd, Turn Left onto Beach Road. Continue until you reach Calle de Invierno, then Turn Left. Continue Straight and turn slightly Left onto Calle Florida. Turn Right onto Island Circle and continue straight until you reach the cul de sac, property is located on the Right.

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ByOwner last updated this listing 06/11/2026 @ 06:20

MLS: MFRMLS #TB8487309 LISTED BY: Alex Clark, KELLER WILLIAMS ST PETE REALTY 727-894-1600 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)